ULTRIX: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ULTRIX
Largest movements
- Tangible fixed assets +€1,459
new in 2025: €1,459
- Cash -€965
down €965 (-6.9%), from €13,892 to €12,927
mainly Investment in fixed assets (net) (-€1,487) and Receivables within one year (-€293)
- Receivables within one year +€293
up €293 (+89.7%), from €327 to €620
of which Other amounts receivable: +€551
- Trade debts +€703
up €703 (+1099.1%), from €64 to €767
- Other operating charges +€210
new in 2025: €210
- Gross operating margin -€175
down €175 (-29.1%), from €601 to €426
- Taxes -€93
down €93 (-77.7%), from €120 to €27
- Financial charges +€45
up €45 (+261.6%), from €17 to €63
- Depreciation +€28
new in 2025: €28
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,472 | €15,162 | +€690 | +4.8% |
| Fixed assets | 21/28 | - | €1,459 | +€1,459 | |
| Tangible fixed assets | 22/27 | - | €1,459 | +€1,459 | |
| Furniture and vehicles | 24 | - | €1,459 | +€1,459 | |
| Current assets | 29/58 | €14,472 | €13,703 | -€769 | -5.3% |
| Amounts receivable within one year | 40/41 | €327 | €620 | +€293 | +89.7% |
| Trade receivables | 40 | €327 | €69 | -€258 | -78.9% |
| Other amounts receivable | 41 | €0 | €551 | +€551 | |
| Cash at bank and in hand | 54/58 | €13,892 | €12,927 | -€965 | -6.9% |
| Deferred charges and accrued income | 490/1 | €253 | €156 | -€97 | -38.4% |
| Total equity and liabilities | 10/49 | €14,472 | €15,162 | +€690 | +4.8% |
| Equity | 10/15 | €14,141 | €14,248 | +€107 | +0.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €11,141 | €11,248 | +€107 | +1.0% |
| Distributable reserves | 133 | €11,141 | €11,248 | +€107 | +1.0% |
| Amounts payable | 17/49 | €331 | €913 | +€583 | +176.3% |
| Amounts payable within one year | 42/48 | €331 | €913 | +€583 | +176.3% |
| Trade debts | 44 | €64 | €767 | +€703 | +1099.1% |
| Suppliers | 440/4 | €64 | €767 | +€703 | +1099.1% |
| Taxes, remuneration and social security | 45 | €267 | €147 | -€120 | -45.0% |
| Taxes | 450/3 | €267 | €147 | -€120 | -45.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €28 | +€28 | |
| Other operating charges | 640/8 | - | €210 | +€210 | |
| Gross operating margin | 9900 | €601 | €426 | -€175 | -29.1% |
| Operating profit (loss) | 9901 | €601 | €188 | -€412 | -68.6% |
| Financial income | 75/76B | €0 | €8 | +€8 | |
| Recurring financial income | 75 | €0 | €8 | +€8 | |
| Financial charges | 65/66B | €17 | €63 | +€45 | +261.6% |
| Recurring financial charges | 65 | €17 | €63 | +€45 | +261.6% |
| Profit (loss) for the period before taxes | 9903 | €583 | €134 | -€450 | -77.1% |
| Income taxes | 67/77 | €120 | €27 | -€93 | -77.7% |
| Profit (loss) for the period | 9904 | €463 | €107 | -€356 | -76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €463 | €107 | -€356 | -76.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.